Exhibit 2.1

 

 

 

Crown Crafts, Inc.

916 South Burnside Avenue

Gonzales, LA 70737

Attn: Olivia Elliott, Chief Executive Officer

 

 

Re:

Equity Purchase Agreement, by and between H Enterprises International, LLC, a Delaware limited liability corporation (“Seller”), and Crown Crafts, Inc., a Delaware corporation (“Purchaser”), dated March 17, 2023 (the “Equity Purchase Agreement”). All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Equity Purchase Agreement.

 

This letter, when countersigned by Purchaser, sets forth the agreement of Seller and Purchaser that, notwithstanding the dates set forth in Section 2.4(b) of the Equity Purchase Agreement, Seller shall have until September 15, 2023 to: (i) review the Closing Statement as to the calculation and amount of the Aggregate Adjustment, as set forth in Section 2.4(b) of the Equity Purchase Agreement; and (ii) deliver to Purchaser any Dispute Notice, if any, pursuant to Section 2.4(b). This letter shall constitute an amendment to the Equity Purchase Agreement, pursuant to Section 9.10.

 

This letter may be executed in one or more counterparts, each of which shall be deemed an original, but all of which, together, shall constitute one and the same document.

 

 

Very truly yours,

 
     
  H Enterprises International, LLC  

 

 

 

 

 

 

 

 

 

By:

/s/ Mike Gorman

 

 

Name:

Mike Gorman

 

 

Title:

Secretary

 

 

 

Accepted and agreed as of July 28, 2023

 

Crown Crafts, Inc.

 

 

By: /s/ Olivia Elliott  
Name: Olivia Elliott  
Title: President and Chief Executive Officer